Hextar Global is eyeing to print a new high level after it bounced off its support, breaching the immediate resistance with the forming of a bullish “long white” candlestick. In the event it sustains above the breakout level of MYR1.28, the positive momentum may drive the stock higher towards the historical high of MYR1.35, before printing a new high of MYR1.50. Meanwhile, breaking below the MYR1.24 support will cancel this expectation.

Source: RHB Securities Research - 3 Aug 2021